Meme Coin Sector Takes a Hit: Analyst Predicts Long-Term Decline

The meme coin sector has been hit hard over the past three months, losing more than 50% of its value. According to crypto analyst Kevin, this correction is a reset for the crypto space, weeding out worthless projects and refocusing on solid fundamentals.

Kevin described Shiba Inu as a token that benefited from the meme frenzy following Dogecoin's historic rally. He labeled BONK and Floki as 'no-fundamentals' projects unlikely to revisit their previous peaks.

However, Kevin was less definitive on Pepe, saying it remains difficult to evaluate but expects it to survive the current downturn and potentially participate in another bull cycle.